Profit/(Loss) With Commission: -------------------------------- $85.50
Details:
Intraday range break, 1000 shares. This was called by one of the traders in our room around $5.30. I bought on the break of the last run (really the top of a cup and handle) at $5.34. The entry was good but I set my stop too loosely to justify a good r/r ratio. My stop should have been $5.30 or $5.29 which I moved it to quickly after the stock broke out. Overall it was a decent trade but I sold too soon on the second half since it was getting close to the close of the day. To perfect it I should have started with the $5.29 stop and I should have held for the last five minutes to grab that extra 10 cents.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-05-03 15:37:13 | OCZ | buy | $5.340 | long |
2012-05-03 15:45:39 | OCZ | sell | $5.430 | long |
2012-05-03 15:52:46 | OCZ | sell | $5.460 | 0 |
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